need help wiyh requirement 2 p40 DATA Tiger Mountain Gelato incurs the following

Question

need help wiyh requirement 2

p40 DATA Tiger Mountain Gelato incurs the following costs for its premium ice cream in May 2018 Direct materials cost per pint Direct labor cost per pint Variable manufacturing overhead cost per pint Fixed manufacturing overhead oosts Total fixed selling and administrative costs Sales price per pint Pints of gelato produced Pints of gelato sold $2.50 per pint 0.75 per pint 0.25 per pint 6,000 per month 5,000 per month 8.00 per pint 12,000 pints 11,500 pints 10 12 There were no beginning inventories, so Tiger Mountaln Gelato has 500 pints in ending Finished Goods Inventory (12,000 pints produced - 11,50 14 16 Requirement 1 Calculate Tiger Mountain Gelato's product cost per pint under absorption costing and variable cost Iculate Tiger Mountain Gelato's product cost per pint under absorption costing and variable costing. Use the selections in the drop-down menu to select the correct description Use cell references to point to the correct unit or dollar amount from the data table. Absorption Variable ting Cost Product Cost income Statements READY

Explanation / Answer

Calculate ending inventory units :

Calculate product cost :

Beginning inventory in units 0 Units produced 12000 Units available for sale 12000 Less: Unit sold (11500) Ending inventory in units 500

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